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Chennai Port Signs MoUs Worth Rs 9,000 Cr with Seven Companies

On 11 October, 2023, Chennai Port Authority (ChPA) signed memorandums of understanding (MoUs) with seven companies, with an economic value of approx. Rs 9,000 crore.

 

These seven firms involve Defense Research Development Organization (DRDO), Indian Oil Corporation (IOCL), Gulf Oil Lubricants India (GOLI), POSCO India Chennai Steel, Coromandel International, Elite Shipping Agencies India, and Indian Port Rail Corporation (IPRCL).

 

As a part of the third edition of Global Maritime India Summit 2023 (GMIS 2023) that was held in Mumbai from 17 to 19 October, the ChPA inked MoUs with Chennai Petroleum Corporation (CPCL), Hyundai Motors India, KTV Health Food, MSC Agencies India, Saint Gobain, and L&T. The total value of these six MoUs is nearly Rs 65,000 crore.

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